997E71A1-F742-404E-BCB7-83F77F05A479

School: Queens University Of Charlotte - Course: MATH 143 - Subject: Accounting

ing 2023 Exit Fullscreen Ayah Abdulkareem 01/25/23 5:42 PM ection 4.2 homework Question 2, 4.2.13 HW Score: 100%, 7 of 7 points Part 4 of 4 Points: 1 of 1 Save K The least-squares regression equation is y = 791.1x + 12,288 where y is the median ncome and x is the percentage of 25 years and older with at least a bachelor's degree in 55000 the region. The scatter diagram indicates a linear relation between the two variables with a correlation coefficient of 0.7728. Complete parts (a) through (d) Median Income 20000 15 20 25 30 35 40 45 50 55 60 Bachelor's % This is higher than expected because the expected income is $ 35388 (Round to the nearest dollar as needed.) (c) Interpret the slope. Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or decimal. Do not round.) A. For a median income of $0, the percent of adults with a bachelor's degree is % B. For 0% of adults having a bachelor's degree, the median income is predicted to be $ C. For every percent increase in adults having at least a bachelor's degree, the median income increases by $ 791.1 , on average. D. For every dollar increase in median income, the percent of adults having at least a bachelor's degree is %, on average (d) Explain why it does not make sense to interpret the y-intercept. Choose the correct answer below. A. It does not make sense to interpret the y-intercept because an x-value of 0 does not make sense B. It does not make sense to interpret the y-intercept because a y-value of 0 is outside the scope of the model. C. It does not make sense to interpret the y-intercept because a y-value of 0 does not make sense. D. It does not make sense to interpret the y-intercept because an x-value of 0 is outside the scope of the model Similar question solve this Get more help - hp dele 12 insert prt so 19 144 14 10 16 18 & ** + backspace # $ % 9 3 4 5 6 7 Y U P E R T

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